A resolution to establish a temporary select committee of the Senate to conduct a study and investigation on regulatory commissions and the United States economy.

Establishes a temporary, select committee of the Senate to be known as the Select Committee on Regulatory Commissions and the United States Economy to conduct a complete study and investigation on regulatory commissions and agencies of the United States Government, including: (1) the influence and impact of the activities, procedures, rules, orders, and decisions of such regulatory commissions and agencies, in particular, the Civil Aeronautics Board, the Federal Communications Commission, the Federal Power Commission, the Federal Trade Commission, the Interstate Commerce Commission, and the Securities and Exchange Commission; (2) the accountability of such regulatory commissions and agencies to the Congress, the relationships of these commissions and agencies to other departments, agencies, and independent establishments of the executive branch of the United States Government, the relationship of each such commission or agency to any sectors of private or public enterprise the commission or agency is charged by statute with regulating, and the relationships of those commissions and agencies to the United States consumer; (3) the appropriateness of regulation for given sectors of the economy, the adequacy of current legislative statutes, and the economic consequences of commission and and agency regulatory activities for the United States consumer; and (4) such other matters as the committee considers appropriate.

Directs the committee to submit a final report to the Senate not later than January 20, 1976, containing a comprehensive summary of the work of the committee and to include such recommendations as the committee deems appropriate.

Provides that the Committee shall have no authority to report any legislative measure to the Senate nor shall it otherwise have legislative jurisdiction.